Preferred stock terms: 4% OID, no dividends
Company: Applied Digital
The claim, verbatim
The convertible preferred stock has a $1,000 stated value and purchase price per share, bears no preferred return or dividends, and is sold at a 4% original issue discount.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-16)Live source ↗
Quote: “has a stated value and purchase price of $1,000 per share, bears no preferred return or preferred dividends, and will be sold at an original issue discount of four percent”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The press release states the $1,000 stated value and purchase price, the absence of preferred return or dividends, and the 4% original issue discount.
Confirmed in the source:
- The convertible preferred stock has a stated value and purchase price of $1,000 per share
- The preferred stock bears no preferred return or preferred dividends
- The preferred stock is sold at a four percent original issue discount
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000164117225008007/ex99-1.htm) in full (7,466 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “has a stated value and purchase price of $1,000 per share, bears no preferred return or preferred dividends, and will be sold at an original issue discount of four percent”